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Dec. 26, 2012, 2:22 a.m. EST

Asia stocks add to holiday gains

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By Michael Kitchen, MarketWatch

LOS ANGELES (MarketWatch) — Asia stocks extended their gains into Wednesday, with most major markets ending higher, and with Japanese shares advancing as the yen hit its lowest levels against the dollar and euro since 2011.

In Tokyo, the Nikkei Stock Average /zigman2/quotes/210597971/delayed JP:NIK +0.34%  finished 1.5% higher, adding to its 1.4% rally on Tuesday.

Singapore’s Straits Times Index /zigman2/quotes/210597985/delayed SG:STI -0.47%  was up 0.5% in late trading, while the Shanghai Composite Index /zigman2/quotes/206600939/delayed CN:000001 +2.30% ended with a 0.3% gain after a choppy, range-bound session following its 2.5% surge the previous day.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.67%  and Taiwan’s Taiex  lagged the region, with each closing little changed, while bourses in Hong Kong and Australia remained shut for holiday, with both due to reopen Thursday.

The gains for Japanese equities got help from a further decline in the yen, with the currency’s losses accelerating after the minutes from the Bank of Japan’s November meeting showed a dovish tilt and some determination to drive the yen lower. Read: Yen hits year’s low, with other pairs steady

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The weaker yen, in turn, helped fuel gains for exporter shares. Among the winners, Panasonic Corp. /zigman2/quotes/201785256/delayed JP:6752 +0.42%    rose 2.8%, Fujitsu Ltd. /zigman2/quotes/208459594/delayed JP:6702 -0.39%   /zigman2/quotes/208783738/delayed FJTSY +1.55%  gained 4.1%, Advantest Corp. /zigman2/quotes/206869087/delayed JP:6857 -0.36%   /zigman2/quotes/202479540/delayed ADTTF -9.55%  added 4.2%, and Mazda Motor Corp. /zigman2/quotes/204777714/delayed JP:7261 +1.70%   /zigman2/quotes/206646681/delayed MZDAF +0.39%  advanced 3.3%.

Shares of Sony Corp. /zigman2/quotes/201361720/delayed JP:6758 +2.06%   /zigman2/quotes/208567357/composite SNE +0.65%  jumped 4% as a Nikkei news report said the firm’s Chinese sales had returned to the levels seen before a territorial dispute with China triggered protests and boycotts of Japanese goods there.

Brokerage shares also continued their winning ways from the Tuesday session, when they saw strong gains from reported foreign buying. Nomura Holdings Inc. /zigman2/quotes/206251373/delayed JP:8604 +1.20%   /zigman2/quotes/207276383/composite NMR 0.00%  advanced 2.8%, while rival Daiwa Securities Group Inc. /zigman2/quotes/201391978/delayed JP:8601 +0.21%   /zigman2/quotes/206649614/delayed DSECF +14.86%  added 2.6%.

Hitachi Ltd. /zigman2/quotes/203839937/delayed JP:6501 +0.75%   /zigman2/quotes/203416411/delayed HTHIF +2.28%  added 2.1% after its president told the Nikkei business daily that the firm may reorganize its medical business.

Sharp Corp. /zigman2/quotes/203224600/delayed JP:6753 +0.95%   /zigman2/quotes/207472799/delayed SHCAF +3.24% more than undid its 7.5% tumble in the previous session to zoom 15.4% higher Wednesday, with a separate Nikkei report saying the company had developed a technology to recycle glass from used LCD panels.

On the downside, shares of Mitsubishi Motors Corp. /zigman2/quotes/202404490/delayed JP:7211 -0.25%   /zigman2/quotes/200876874/delayed MMTOF +2.17%  dropped 1.2%, extending losses from its recent vehicle-recall woes.

Over in Shanghai, real-estate shares stuck to their upward momentum after rallying Tuesday.

Shares of Poly Real Estate Group Co. /zigman2/quotes/201864015/delayed CN:600048 +1.03%  traded 2% higher Wednesday, while rival Gemdale Corp. /zigman2/quotes/208026094/delayed CN:600383 +0.79%  added another 2.2% to its share price.

China Vanke Co.  , which saw its stock price jump 6% the previous day, placed its Shenzhen-traded shares on halt, pending an unspecified price-sensitive announcement.

Chinese banking shares — which were also a strong spot in the previous session — traded mostly lower, however, with Industrial & Commercial Bank of China Ltd. /zigman2/quotes/202525815/delayed CN:601398 +0.55%   /zigman2/quotes/204265987/delayed IDCBF +2.76%  losing 1.5%, and Agricultural Bank of China Ltd. /zigman2/quotes/204629388/delayed CN:601288 +0.86%   /zigman2/quotes/209398792/delayed ACGBF +1.97%  down 1.1%.

In Seoul, many blue-chip shares rose early as investors returning from the Christmas holiday caught up with Tuesday’s regional rally. But by the end of trading, the market turned mixed, with some morning gainers swinging to losses.

Samsung Electronics Co. /zigman2/quotes/209800866/delayed KR:005930 -0.33%   /zigman2/quotes/202367843/delayed SSNLF 0.00% , for instance, was up more than 1% in the early going, only to finish down 0.3%. Its shares had jumped more than 2% Monday in the wake of a report that it’s targeting an approximately 20% rise in its mobile-phone sales for the coming year.

Samsung’s chip-making rival SK Hynix Inc. /zigman2/quotes/206420319/delayed KR:000660 +0.48%   /zigman2/quotes/203669196/delayed HXSCL 0.00%  closed with a 1.2% gain, while LG Display Co. /zigman2/quotes/204226570/delayed KR:034220 -1.91%   /zigman2/quotes/204466928/composite LPL +0.61%  advanced 0.5%, but LG Electronics Inc. /zigman2/quotes/209966407/delayed KR:066570 -2.33%   /zigman2/quotes/207964760/delayed LGEJY 0.00%  lost 1.1%, and Hana Financial Group Inc. /zigman2/quotes/208370876/delayed KR:086790 -0.45%  dropped 0.9%.

/zigman2/quotes/210597971/delayed
add Add to watchlist JP:100000018
JP : Nikkei
23,479.15
+78.45 +0.34%
Volume: 0.00
Feb. 20, 2020 3:15p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,198.68
-15.03 -0.47%
Volume: 0.00
Feb. 20, 2020 5:20p
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/zigman2/quotes/206600939/delayed
CN : China: Shenzhen
¥ 15.59
+0.35 +2.30%
Volume: 123.54M
Feb. 20, 2020 3:00p
P/E Ratio
11.14
Dividend Yield
1.40%
Market Cap
¥295.75 billion
Rev. per Employee
¥6.12M
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,195.50
-14.84 -0.67%
Volume: 709,563
Feb. 20, 2020 3:30p
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/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 1,189.00
+5.00 +0.42%
Volume: 6.43M
Feb. 20, 2020 3:00p
P/E Ratio
9.62
Dividend Yield
2.52%
Market Cap
¥2762.11 billion
Rev. per Employee
¥29.74M
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/zigman2/quotes/208459594/delayed
JP : Japan: Tokyo
¥ 12,630.00
-50.00 -0.39%
Volume: 883,100
Feb. 20, 2020 3:00p
P/E Ratio
16.77
Dividend Yield
1.43%
Market Cap
¥2570.02 billion
Rev. per Employee
¥28.38M
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/zigman2/quotes/208783738/delayed
US : U.S.: OTC
$ 22.90
+0.35 +1.55%
Volume: 6,590
Feb. 19, 2020 3:45p
P/E Ratio
1.60
Dividend Yield
0.89%
Market Cap
$23.16 billion
Rev. per Employee
$257,261
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/zigman2/quotes/206869087/delayed
JP : Japan: Tokyo
¥ 5,610.00
-20.00 -0.36%
Volume: 2.99M
Feb. 20, 2020 3:00p
P/E Ratio
23.39
Dividend Yield
1.34%
Market Cap
¥1116.84 billion
Rev. per Employee
¥64.26M
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/zigman2/quotes/202479540/delayed
US : U.S.: OTC
$ 52.00
-5.49 -9.55%
Volume: 0.00
Feb. 12, 2020 5:20p
P/E Ratio
23.60
Dividend Yield
N/A
Market Cap
$10.32 billion
Rev. per Employee
$581,734
loading...
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JP : Japan: Tokyo
¥ 898.00
+15.00 +1.70%
Volume: 3.81M
Feb. 20, 2020 3:00p
P/E Ratio
9.62
Dividend Yield
3.90%
Market Cap
¥556.10 billion
Rev. per Employee
¥71.32M
loading...
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US : U.S.: OTC
$ 7.81
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Volume: 200.00
Feb. 19, 2020 12:31p
P/E Ratio
9.14
Dividend Yield
N/A
Market Cap
$4.92 billion
Rev. per Employee
$646,191
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 7,522.00
+152.00 +2.06%
Volume: 6.56M
Feb. 20, 2020 3:00p
P/E Ratio
14.50
Dividend Yield
0.60%
Market Cap
¥9038.69 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/208567357/composite
US : U.S.: NYSE
$ 67.07
+0.43 +0.65%
Volume: 1.23M
Feb. 19, 2020 6:30p
P/E Ratio
14.06
Dividend Yield
0.40%
Market Cap
$82.26 billion
Rev. per Employee
$654,652
loading...
/zigman2/quotes/206251373/delayed
JP : Japan: Tokyo
¥ 564.40
+6.70 +1.20%
Volume: 17.12M
Feb. 20, 2020 3:00p
P/E Ratio
7.47
Dividend Yield
5.32%
Market Cap
¥1724.24 billion
Rev. per Employee
¥65.89M
loading...
/zigman2/quotes/207276383/composite
US : U.S.: NYSE
$ 5.08
0.00 0.00%
Volume: 130,240
Feb. 19, 2020 6:30p
P/E Ratio
7.27
Dividend Yield
2.85%
Market Cap
$15.71 billion
Rev. per Employee
$597,075
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/zigman2/quotes/201391978/delayed
JP : Japan: Tokyo
¥ 537.20
+1.10 +0.21%
Volume: 4.37M
Feb. 20, 2020 3:00p
P/E Ratio
13.41
Dividend Yield
3.72%
Market Cap
¥814.22 billion
Rev. per Employee
¥49.77M
loading...
/zigman2/quotes/206649614/delayed
US : U.S.: OTC
$ 5.41
+0.70 +14.86%
Volume: 50.00
Feb. 14, 2020 5:20p
P/E Ratio
14.72
Dividend Yield
N/A
Market Cap
$7.40 billion
Rev. per Employee
$450,764
loading...
/zigman2/quotes/203839937/delayed
JP : Japan: Tokyo
¥ 4,189.00
+31.00 +0.75%
Volume: 2.95M
Feb. 20, 2020 3:00p
P/E Ratio
20.78
Dividend Yield
2.15%
Market Cap
¥4017.61 billion
Rev. per Employee
¥30.84M
loading...
/zigman2/quotes/203416411/delayed
US : U.S.: OTC
$ 38.87
+0.87 +2.28%
Volume: 0.00
Feb. 11, 2020 5:20p
P/E Ratio
21.20
Dividend Yield
N/A
Market Cap
$36.42 billion
Rev. per Employee
$279,568
loading...
/zigman2/quotes/203224600/delayed
JP : Japan: Tokyo
¥ 1,491.00
+14.00 +0.95%
Volume: 1.64M
Feb. 20, 2020 3:00p
P/E Ratio
15.23
Dividend Yield
1.68%
Market Cap
¥902.22 billion
Rev. per Employee
¥50.23M
loading...
/zigman2/quotes/207472799/delayed
US : U.S.: OTC
$ 14.32
+0.45 +3.24%
Volume: 0.00
Feb. 7, 2020 5:19p
P/E Ratio
15.92
Dividend Yield
N/A
Market Cap
$8.18 billion
Rev. per Employee
$454,670
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/zigman2/quotes/202404490/delayed
JP : Japan: Tokyo
¥ 405.00
-1.00 -0.25%
Volume: 5.61M
Feb. 20, 2020 3:00p
P/E Ratio
11.62
Dividend Yield
4.94%
Market Cap
¥604.25 billion
Rev. per Employee
¥80.91M
loading...
/zigman2/quotes/200876874/delayed
US : U.S.: OTC
$ 3.77
+0.08 +2.17%
Volume: 1,200
Feb. 19, 2020 1:13p
P/E Ratio
11.99
Dividend Yield
N/A
Market Cap
$5.61 billion
Rev. per Employee
$733,027
loading...
/zigman2/quotes/201864015/delayed
CN : China: Shanghai
¥ 15.64
+0.16 +1.03%
Volume: 82.98M
Feb. 20, 2020 3:00p
P/E Ratio
8.41
Dividend Yield
3.20%
Market Cap
¥184.72 billion
Rev. per Employee
¥3.42M
loading...
/zigman2/quotes/208026094/delayed
CN : China: Shanghai
¥ 13.99
+0.11 +0.79%
Volume: 39.12M
Feb. 20, 2020 3:00p
P/E Ratio
7.63
Dividend Yield
4.29%
Market Cap
¥62.66 billion
Rev. per Employee
¥7.89M
loading...
/zigman2/quotes/202525815/delayed
CN : China: Shanghai
¥ 5.51
+0.03 +0.55%
Volume: 283.67M
Feb. 20, 2020 3:00p
P/E Ratio
6.34
Dividend Yield
4.55%
Market Cap
¥1953.11 billion
Rev. per Employee
¥2.53M
loading...
/zigman2/quotes/204265987/delayed
US : U.S.: OTC
$ 0.71
+0.02 +2.76%
Volume: 116,150
Feb. 19, 2020 11:36a
P/E Ratio
5.62
Dividend Yield
N/A
Market Cap
$253.58 billion
Rev. per Employee
$387,287
loading...
/zigman2/quotes/204629388/delayed
CN : China: Shanghai
¥ 3.51
+0.03 +0.86%
Volume: 199.42M
Feb. 20, 2020 3:00p
P/E Ratio
5.80
Dividend Yield
4.95%
Market Cap
¥1217.94 billion
Rev. per Employee
¥1.80M
loading...
/zigman2/quotes/209398792/delayed
US : U.S.: OTC
$ 0.41
+0.0080 +1.97%
Volume: 224.00
Feb. 19, 2020 9:54a
P/E Ratio
4.68
Dividend Yield
N/A
Market Cap
$144.25 billion
Rev. per Employee
$276,273
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
60,000.00
-200.00 -0.33%
Volume: 14.59M
Feb. 20, 2020 3:30p
P/E Ratio
16.56
Dividend Yield
2.36%
Market Cap
₩408919.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202367843/delayed
US : U.S.: OTC
$ 44.20
0.00 0.00%
Volume: 500.00
Feb. 19, 2020 5:20p
P/E Ratio
14.05
Dividend Yield
N/A
Market Cap
$300.24 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
104,000
+500.00 +0.48%
Volume: 3.09M
Feb. 20, 2020 3:30p
P/E Ratio
35.16
Dividend Yield
0.96%
Market Cap
₩70794.20 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203669196/delayed
US : U.S.: OTC
$ 0.00
0.00 0.00%
Volume:
P/E Ratio
16.22
Dividend Yield
2.63%
Market Cap
$59.52 billion
Rev. per Employee
N/A
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/zigman2/quotes/204226570/delayed
KR : S. Korea: KRX
15,400.00
-300.00 -1.91%
Volume: 2.07M
Feb. 20, 2020 3:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
₩5617.71 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204466928/composite
US : U.S.: NYSE
$ 6.64
+0.04 +0.61%
Volume: 138,681
Feb. 19, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$4.75 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
67,200.00
-1,600 -2.33%
Volume: 677,402
Feb. 20, 2020 3:30p
P/E Ratio
66.11
Dividend Yield
1.12%
Market Cap
₩12388.60 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207964760/delayed
US : U.S.: OTC
$ 0.00
0.00 0.00%
Volume:
P/E Ratio
26.67
Dividend Yield
2.11%
Market Cap
$392.22 million
Rev. per Employee
N/A
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/zigman2/quotes/208370876/delayed
KR : S. Korea: KRX
32,900.00
-150.00 -0.45%
Volume: 875,740
Feb. 20, 2020 3:30p
P/E Ratio
4.22
Dividend Yield
6.38%
Market Cap
₩9636.23 billion
Rev. per Employee
N/A
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Michael Kitchen is Asia editor for MarketWatch and is based in Los Angeles.

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